Hollywood fever: Alibaba targets the movies
An investment in Taobao Movie is essentially a bet on how the company can leverage what Alibaba Pictures might become, as well as on the broader Chinese box office
When Alibaba Pictures acquired online movie ticketing platform Taobao Movie from its parent, Alibaba Group, last December, it paid RMB3.1 billion ($475 million) and got cinema ticketing systems supplier...
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